The Enigma of Japanese Power: People and Politics in a Stateless Nation
In this brilliantly authoritative book, Karel van Wolferen unravels the confusions and misperceptions the West has about Japan and can no longer afford to maintain.
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38 Another of the major functions of the MOF is to regulate the flow of funds from
banks into the business sector. Since the war Japanese corporations have had
little choice but to rely for capital on bank borrowings rather than on equity raised
Finance - as well as by friction between the ministry and the CPB and numerous
personal quarrels20 - a monetary control association established in May 1942
created the precedent for post-war central-bank control over the commercial ...
Enhanced by the then relatively low exchange value of the yen, these profits,
combined with the new freedom to explore foreign capital markets (notably by
floating Eurodollar bonds), made the large firms less dependent on the City
banks for ...
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LibraryThing ReviewUser Review - antiquary - LibraryThing
While the author seems biased by his own negative experiences as a foreigner trying to work in Japanese media, his severe critique of the weakness of Japanese leadership has been confirmed by events to a considerable degree. Read full review
Review: The Enigma of Japanese Power: People and Politics in a Stateless NationUser Review - Arjen - Goodreads
If you want to understand Japan and the Japanese this book is a must read Read full review
4 The Japan Problem
The Elusive State
An Inescapable Embrace
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